What Should I Bring to the Initial Consultation?

You should bring as much background information as is possible and convenient. Account statements, broker correspondence, and the Account Agreement are examples of helpful documents. However, if these documents are not readily available, it is still advisable to schedule a meeting with one of our advisors.

Remember, statutes of limitations put time limits on your ability to bring a claim. It is important to contact a reputable professional as soon as possible after a loss.

It doesn’t cost a thing to learn more. All consultations are free and confidential. 

What is a predispute arbitration clause?

Virtually every securities brokerage firm will provide you with a standard new account form with a clause that requires you to pursue any grievance through arbitration proceedings instead of the court system. We are experienced arbitration specialists and can help you defend yourself. 

Why Arbitration? Why FINRA?

When an investor opens an account with a broker or brokerage firm, he or she signs a contract that usually contains an arbitration provision, agreeing that any disputes that arise out of the relationship will be handled through an alternative dispute resolution forum instead of in civil court. In this context, the forum provided is administered by the Financial Industry Regulatory Authority, commonly referred to as FINRA.

FINRA arbitration proceed similarly to a civil court proceeding in many respects. However, there are many important differences to note as well. A knowledgeable professional is your best chance of defending yourself against fraud. 

When are brokers, advisors or firms liable for losses? 

When stockbrokers, other investment advisors or their firms act improperly when handling investors’ accounts, orders or funds they can be held liable for resulting losses.  Federal and most state’s laws prohibit securities fraud.  But an investor can also seek claims for other wrongful actions, including breach of promise or contract, breach of fiduciary duty, breach of the duty of good faith and fair dealing, negligence or even incompetence.  

For more specific information, please call 1-800-Stock-Loss to speak to an advisor.

Can I sue my investment firm or broker? 

When accounts are opened at investment firms, documents which contain agreements to arbitrate disputes are almost always signed.  The U.S. Supreme Court decided 20 years ago that such agreements were enforceable and courts have since denied virtualy every effort by investors to avoid arbitration.  Thus, over 99% of investors can not sue their broker or investment firm but can file claims in securities arbitration.